Premier Asset Management LLC bought a new stake in shares of EOG Resources Inc (NYSE:EOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,740 shares of the energy exploration company’s stock, valued at approximately $9,919,000. EOG Resources comprises 2.7% of Premier Asset Management LLC’s investment portfolio, making the stock its 15th largest position.
Several other large investors have also recently modified their holdings of EOG. Cornerstone Advisors Inc. boosted its holdings in shares of EOG Resources by 41.2% during the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after buying an additional 143 shares during the period. Athena Capital Advisors LLC bought a new stake in EOG Resources in the 4th quarter valued at $46,000. Legacy Financial Advisors Inc. boosted its holdings in EOG Resources by 108.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Proficio Capital Partners LLC boosted its holdings in EOG Resources by 30.8% in the 4th quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after purchasing an additional 133 shares during the period. Finally, Enlightenment Research LLC bought a new stake in EOG Resources in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 87.89% of the company’s stock.
EOG Resources stock traded down $3.19 during midday trading on Monday, hitting $102.12. 5,348,857 shares of the stock were exchanged, compared to its average volume of 4,084,889. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53. The firm has a market capitalization of $57.27 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.36 and a quick ratio of 1.13.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
A number of analysts have weighed in on the stock. Tudor Pickering raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Oppenheimer assumed coverage on shares of EOG Resources in a report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 price objective for the company. Morgan Stanley reduced their price objective on shares of EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, February 27th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Barclays reaffirmed a “buy” rating and set a $138.00 price objective on shares of EOG Resources in a report on Wednesday, March 13th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.00.
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EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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